Tuesday, February 22, 2011

EUR/USD

Dollar is again intraday positive against major rivals, except CHF and JPY, as risk aversion triggered a return to safe havens following Libya political turmoil. In fact, the turmoil is spreading over the Middle East and North of Africa since one month ago, with the Egyptian crisis. The flight to safe havens has took EUR/USD below 1.3660, despite early comments of a possible rate hike in the euro zone keeps the cross barely below daily opening.

GBP/USD approaches to 1.6100 daily low while Aussie slide extended below parity against the greenback. Swiss Franc and Japanese yen are broadly higher, as USD/CHF remains below 0.9400 while USD/JPY reaches a fresh daily low around 82.76; with US Treasury yields sharply lower, as well as indexes, run to safe havens seems meant to extend over the upcoming sessions.

source: http://www.fxstreet.com


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15 comments:

  1. edFebruary 22, 2011 at 3:59 PM

    damn, that egypt crisis really had a big affect on the rest of the world

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  2. ChefJRHFebruary 22, 2011 at 5:19 PM

    Thanks for the good information as always.

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  3. ShockwaveFebruary 22, 2011 at 5:29 PM

    Good post man, a friend of mine is coming to visit me soon from the US so working out how much spending money in GBP she'll have is so much simpler.

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  4. Aaron M. GipsonFebruary 22, 2011 at 6:06 PM

    So would you consider the yen a safe currency to play with right now?

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  5. ThuganomicsFebruary 22, 2011 at 10:31 PM

    not surprised, us still remains one of the safer places

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  6. AlopixFebruary 22, 2011 at 10:58 PM

    I see, im going to read some of your posts for my university research

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  7. Lendo KharFebruary 22, 2011 at 11:47 PM

    Thanks for keeping us informed.

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  8. FourraFebruary 22, 2011 at 11:57 PM

    very interesting, thx

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  9. Patti D.February 23, 2011 at 12:55 AM

    Thanks for the info, what about the oil?

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  10. Chris C.February 23, 2011 at 3:24 AM

    Thanks for keeping me up to date.

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  11. SpikeFebruary 23, 2011 at 4:09 AM

    thanks for the update

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  12. obiFebruary 23, 2011 at 7:34 AM

    i wonder if oil will hit 2008 levels this year...

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  13. Anonymous.February 23, 2011 at 8:35 AM

    My main source of financial information, here.

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  14. BrendanFebruary 23, 2011 at 11:35 AM

    damn egypt!

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  15. baka1236February 24, 2011 at 5:52 AM

    this thing that hit egypt is big. they don't mess around

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